SEC Chair Paul Atkins expressed confidence that the bipartisan legislation will be signed very soon. The crypto market structure bill in the US aims to finally eliminate the current regulatory gray areas. Atkins highlighted that this progress is vital for the national financial ecosystem.
On one hand, the official emphasized the importance of establishing clear rules for everyone. The bill has strong bipartisan support in both legislative chambers of Congress. According to Atkins, this regulation will allow the United States to lead the sector. Legal certainty will attract greater institutional investment to the country during the coming months.
Likewise, Atkins praised the positive impact of the previously passed GENIUS act. The legislation seeks to move the market out of uncertainty in a definitive way. Therefore, the current administration is focusing its efforts on consolidating this new legal framework. President Trump wants to turn the nation into the world capital of technological innovations.
The legislative route towards clear oversight of digital assets in America
On the other hand, the Senate Agriculture Committee recently delayed its final markup vote. Lawmakers need additional time to finalize the technical details of the proposed text. Nevertheless, the Senate Banking Committee is keeping its meeting scheduled for this Thursday. This coordination between committees is fundamental for the legislative success of the project.
In addition, the implementation of this legal framework directly involves the SEC and CFTC. Both agencies will share primary oversight of cryptocurrencies within the United States territory. The new law will protect investors from rogue regulators in the near future. In this way, a fair environment is guaranteed for all market participants.
Could a government shutdown stop the progress of this fundamental law?
However, there is a risk of a possible federal government shutdown soon. The lack of agreement on public spending could delay the current legislative agenda. If the House does not approve funds before the end of January, the process would stop. The financial sector closely watches the movements of Congress in Washington right now.
Despite the obstacles, Paul Atkins’ optimism remains very high at this time. Moving the market out of the regulatory gray zone is a priority for federal regulators. Therefore, it is expected that the presidential signing will occur before the end of 2026. The future of the digital industry depends on this transcendental and necessary political decision.
